CMSPI STATE OF THE INDUSTRY REPORT
Overall Scorecard DEBIT CARD
DEBIT CARD
17.4 18.3 17.1 17.1 17.0 13.9 16.1 16.3
DIGITAL WALLET (PASS THROUGH) DIGITAL WALLET (STAGED/STORED)
United States: any card, or other payment code or device, issued or approved for use through a payment card network to debit an asset account. 160 European Union (debit card transaction): a non- credit transaction based on a payment card scheme’s infrastructure and business rules to make a payment transaction by means of card, telecommunications, digital or IT device or software. 161 Visa: Card linked to a demand deposit account, checking account, current account, negotiable order of withdrawal account, or savings account held at a financial institution, or a debit account
CREDIT CARD
CASH
REAL-TIME PAYMENTS
BANK TRANSFER
BUY NOW, PAY LATER
STABLECOIN
12.0
Scorecard Summary Debit cards, similar to credit cards, have a high acceptance score given their ubiquitous acceptance globally. Overall, debit cards provide a good user experience due to their POS speed, cross-border usage, and pre-authorization capabilities. Cards are mostly risk-free for merchants to accept when considering brand reputation; however, card fraud risk is a concern for merchants. The concentration of the card market has left merchants with minimal competitive leverage which leads to higher costs. On the consumer costs side, there is a lack of rewards for debit card users, but also no opportunity for the consumer to accrue debt which removes the potential of high interest payments. An increase in regulation globally gives debit cards an advantage over their credit counterparts.
or equivalent as defined under applicable laws or regulations. 162
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